The volatile sentiment survey from the American Association of Individual Investors saw a large increase in bullishness to 42.86% versus last week's 28.57%. Given the steady upward advance in the markets of late, it is not surprising to see individual investors becoming more bullish. The fact the individual investor has been somewhat bearish on the market could be one reason the market has continued to move higher. If the individual investors go "all-in" maybe we will begin to see a short term pullback coinciding with typically weak summer market periods.
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Source: American Association of Individual Investors